Make sure you have detailed specifications, selections and finishes ready for them so they can price accurately. 

Then, after my 1 year requirement is finished, I will move out and rent out the basement to make the property cashflow even more.Numbers:Appraisal: +$700kPurchase Price: $450kTotal Expenses: -$3425/moEstimated Principle & Interest: -$2000-$2200/moInsurance: $350/moTaxes: $500/moUtilities: $375/mo-----------------------Total Income (During Hack): $3000-3400Total Income (After Hack): $4000-4400Rent Income: $2000 for top & $1000 for basement after moveoutHorse Board income: $200/horse *5-7 horses = $1000-1400So, by my math, I will be out of pocket about $400/mo to cover all expenses of the property.

I have finally finished my residency and will be starting my first job in Buffalo, NY this upcoming August.

I listen to all the podcast and just finished David Greene's BRRRR book. 

Currently Under Construction and projected to finish 45 Days after state lock down.

Doing a complete renovation with adding better quality finishes.

We do not want the basement finished but it will be low costs for walls, windows and flooring, then we could be interest. 

If you used the $800/mo you are saving from not paying rent, and did the work yourself (and maybe some with the help of family and friends) you could finish that project in 3-6 months.

It had a loft that was open and I knew I wanted to house hack so I closed off the loft by turning it into a bedroom and finished the bathroom.

But it all depends on the deal, how fast you can finish renovations, find a buyer, & close.If you’re just looking for long term wealth, then you could do a BRRRR, buy another property and continue on that path.With $40K you could even invest passively in multifamily syndications, and over a 3-5 year period get over 100% of your money back on average.Now every deal is very specific to market conditions & the operator of the deal, but nonetheless, syndication is an easy way to build wealth.With everything going on right now in the economy, I would be weary of jumping right into real estate without first having a SOLID foundation of knowledge in how to accomplish these investments.Things are changing rapidly in the real estate world, and if you aren’t prepared, then you’ll be washed out and broke in no time.You’re welcome to check out our website which explains everything you need to know about multifamily syndications and the market.All in all, if I were you, I would do some more research on whatever method you choose and then become the expert in that niche and your local market before jumping into anything and spending $40K.